#BotOrNot The trading bot is a program or application that works automatically to execute buying and selling operations in trading markets, such as the cryptocurrency or stock market, based on pre-programmed algorithms and criteria. Its goal is to determine suitable prices and the optimal timing for trading to achieve profits or minimize losses, without the need for continuous manual intervention from the user.
In the context of Binance, for example, the platform offers tools like Binance Trading Bots that allow users to set up automated trading strategies (such as Grid Trading or Rebalancing Bot) based on market movements. These bots rely on market analysis, such as historical prices or technical indicators, to make accurate decisions.